A local property manager can handle tenant screening, maintenance, and rent collection, which is especially useful if you’re not living nearby.Legal and Regulatory Considerations:Local Laws: Be aware of local rental laws, including landlord-tenant laws, rent control regulations, and short-term rental ordinances if you consider Airbnb.HOA Rules: If the property is part of a homeowners association, review the HOA rules and regulations regarding rentals.Financial PlanningRental Income: Ensure that the projected rental income covers mortgage payments, property taxes, insurance, maintenance, and property management fees.Tax Implications: Understand the tax implications of owning a rental property, including potential deductions for mortgage interest, property taxes, repairs, and depreciation.

If you go forward, make sure they handle all maintenance & repairs on the property too because these organizations typically have in-house staff..Snaking toilets, repairs, grass cut, snow removal, paint...Make sure you're covered with insurance as well. 

Just wanted to add that I also have a clause about no holes in cabinetry or doors, that it is not considered normal wear and tear, and they will be responsible for full amount of repair or replacement if they do. 

After waiting another day, on Tuesday I was told that the repair would be made on Friday, 7/5....the July 4th holiday added to the delay.My tenants have been understanding. 

Due diligence ends on Tuesday, and the seller has indicated no negotiation or repairs will be made.I have a walkthrough with my contractor on Sunday, but I'm trying to determine whether what I know is enough to decide whether to purchase or withdraw from the deal.

Last night I heard about a friend who had their electric bill go from $100 per month to $800 per month because the landlord did a repair to two of them and cross wired them causing my friend’s to short and use 8X the amount of energy for the month.

As many of you may know, Assembly Bill 968 (AB-968) has recently been passed, which mandates a comprehensive disclosure of repairs and renovations from sellers who flip one-to-four-unit properties within 18 months of buying them.For those who are not familiar with the details, AB-968 requires sellers to disclose all repairs and renovations performed on the property during their ownership period.

Hello all, I had repairs done in tenant's unit and they had a meltdown over damaged property.

Even if I'm in the process of evicting a tenant, I will handle issues like repairs in a timely manner.

Some of the repairs we authorized but some were done without our consent - we were just billed.